Debt, Macro Policy and State Intervention: The Next Phase for Latin America

1985 ◽  
Vol 27 (4) ◽  
pp. 155-172 ◽  
Author(s):  
William R. Cline
Keyword(s):  
Latin America ◽  
Commodity Prices ◽  
State Intervention ◽  
Proximate Cause ◽  
Oil Exports ◽  
External Position ◽  
Per Capita ◽  
Severe Recession ◽  
External Sector ◽  
External Balances

In 1982-83 Latin America experienced a depression which rivaled that of the 1930s. Real Gross Domestic Product (GDP) declined by 1% in 1982 and by 3.3% in 1983. Per capita income fell 10% below 1980 levels. The proximate cause of this depression was the crisis produced by external debt.By 1984 several countries in the region began to show signs of recovery from the severe recession and external-sector crisis. Economic growth rebounded to 2%, and the larger countries achieved impressive improvements in external balances. Brazil's total exports grew sharply, as did Mexico's non-oil exports. In 1985 growth has surged ahead in Brazil and Mexico although falling commodity prices have placed new strains on the smaller countries (and weaker oil prices, as well as erosion in domestic policy, have undermined Mexico's external position).

scholarly journals Dependence of Latin America external sector on commodity prices

Económica ◽  
2019 ◽  
Vol 65 ◽  
pp. 173-200
Author(s):  
Andres Fioriti ◽  
Fernando Andrés Delbianco
Keyword(s):  
Latin America ◽  
Economic Performance ◽  
Commodity Prices ◽  
Bimodal Distribution ◽  
The Other ◽  
Main Hypothesis ◽  
Macroeconomic Variables ◽  
External Sector ◽  
The Relationship

We seek to analyze the relationship between some macroeconomics variables and commodity prices in Latin America. The main hypothesis is that the economic performance in the area is tied to the pattern followed by the commodity prices. Moreover we expect to find that some commodities are more relevant than others. We find evidence supporting our former hypothesis but not the latter. An important result is that macroeconomic variables and commodity prices breaks followed a bimodal distribution over the last 60 years with one mode around the 70s and the other mode at the beginning of the 21th century.

scholarly journals COVID-19 Mortality Rate and Its Incidence in Latin America: Dependence on Demographic and Economic Variables

2021 ◽  
Vol 18 (13) ◽  
pp. 6900
Author(s):  
Javier Cifuentes-Faura
Keyword(s):  
Latin America ◽  
Mortality Rate ◽  
Population Density ◽  
Life Expectancy ◽  
Latin American ◽  
Positive Influence ◽  
Death Rates ◽  
Per Capita ◽  
Latin American Countries ◽  
Quality Infrastructure

The pandemic caused by COVID-19 has left millions infected and dead around the world, with Latin America being one of the most affected areas. In this work, we have sought to determine, by means of a multiple regression analysis and a study of correlations, the influence of population density, life expectancy, and proportion of the population in vulnerable employment, together with GDP per capita, on the mortality rate due to COVID-19 in Latin American countries. The results indicated that countries with higher population density had lower numbers of deaths. Population in vulnerable employment and GDP showed a positive influence, while life expectancy did not appear to significantly affect the number of COVID-19 deaths. In addition, the influence of these variables on the number of confirmed cases of COVID-19 was analyzed. It can be concluded that the lack of resources can be a major burden for the vulnerable population in combating COVID-19 and that population density can ensure better designed institutions and quality infrastructure to achieve social distancing and, together with effective measures, lower death rates.

scholarly journals Globalization and educational inequality during the 18th to 20th centuries: Latin America in global comparison

2010 ◽  
Vol 28 (2) ◽  
pp. 279-305 ◽  
Author(s):  
Joerg Baten ◽  
Christina Mumme
Keyword(s):  
Developing Countries ◽  
Latin America ◽  
Strong Evidence ◽  
Educational Inequality ◽  
Gdp Per Capita ◽  
Positive Effects ◽  
Global Comparison ◽  
Per Capita ◽  
The Rich

AbstractThis paper explores the inequality of numeracy and education by studying school years and numeracy of the rich and poor, as well as of tall and short individuals. To estimate numeracy, the age-heaping method is used for the 18th to early 20th centuries. Testing the hypothesis that globalization might have increased the inequality of education, we find evidence that 19th century globalization actually increased inequality in Latin America, but 20th century globalization had positive effects by reducing educational inequality in a broader sample of developing countries. Moreover, we find strong evidence for Kuznets’s inverted U hypothesis, that is, rising educational inequality with GDP per capita in the period until 1913 and the opposite after 1945.

Chile: Christian Democracy to Marxism

1971 ◽  
Vol 33 (3) ◽  
pp. 323-341
Author(s):  
Michael J. Francis ◽  
Hernan Vera-Godoy
Keyword(s):  
United States ◽  
Latin America ◽  
Foreign Aid ◽  
Presidential Election ◽  
Political System ◽  
Christian Democracy ◽  
The World ◽  
Per Capita ◽  
The Government ◽  
Basic Alternative

Increasingly alone as a stable republican nation in Latin America, Chile has long been a favorite subject for North American scholars and journalists. Every six years, as it faces a presidential election, the world press breathlessly rediscovers that this long slim country confronts its public problems within the framework of a developed, democratic political system. When in 1964 Chile placed a young idealistic party in power behind Eduardo Frei, an unquestionably intelligent figure of austere but charismatic bearing, this country became a favorite model for the advocates of democratic reformism in Latin America and soon was receiving the highest United States foreign aid per capita in Latin America. Thus it came as a shock that the Chilean electorate could turn its back on Frei's administration in 1970 by favoring the rightist and Marxist candidates. For those who saw in the government of Frei a basic alternative to Marxist models for Latin America, the free election of an avowed Marxist as the President of Chile presents additional problems.

scholarly journals ANALISIS DAYA SAING DAN FAKTOR-FAKTOR YANG MEMENGARUHI EKSPOR BAN INDONESIA KE KAWASAN AMERIKA LATIN

2018 ◽  
Vol 6 (1) ◽  
pp. 81-100
Author(s):  
Mia Ayu Wardani ◽  
Sri Mulatsih
Keyword(s):  
Latin America ◽  
Gravity Models ◽  
Tire Industry ◽  
Traditional Markets ◽  
Export Dynamics ◽  
Real Gdp ◽  
Rubber Tire ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
Good Export

The tire industry is an industry that has potential to increase Indonesian exports to non-traditional markets such as Latin America. The purpose of the study is to analyze the power of the comparative, competitive, and export dynamic of Indonesian tire and also the factors that affect the export of Indonesian tire to Latin America. The period of analysis used in this study is from 2009 to 2014 using the method of analysis are Revealed Comparative Advantage (RCA), Export Product Dynamic (EPD), Gravity models and Porter's Diamond. The results of this study are rubber tire Indonesia has strong competitiveness in Latin America than in the country of Argentina. In addition, the rubber tire Indonesia has a good export dynamics position (rising star) in the country of Panama, Venezuela, Uruguay, Mexico, Guatemala, and Costa Rica. Factors that affect the export of Indonesian rubber tire to Latin America is the distance economies, Indonesia's per capita real GDP, real GDP per capita of the destination country, the real exchange rate, and the population of the destination country.Keywords: Competitiveness, Gravity Model, Porter’s Diamond,Tire

Trade will not drive Latin America recovery this year

2021 ◽  
Keyword(s):  
Latin America ◽  
Regional Integration ◽  
Hospitality Industry ◽  
Commodity Prices ◽  
The Other ◽  
Economic Recovery ◽  
Value Chains ◽  
Economic Nationalism ◽  
Content Type ◽  
Digital Skills

Significance These include a reorganisation of global value chains, an increase in intraregional trade in the other regions and a resurgence of economic nationalism. The report urges increased regional integration as the key to a sustainable and inclusive post-pandemic economic recovery. Impacts Despite higher commodity prices, LAC’s exports are unlikely to recover their pre-pandemic level before 2022. Digital skills will become increasingly more important for LAC’s growth and how its benefits are distributed. The pandemic’s impact on tourism and the hospitality industry suggests a disproportionate effect on women’s employment.

scholarly journals The Mechanics of Regime Instability in Latin America

2009 ◽  
Vol 1 (1) ◽  
pp. 5-36 ◽  
Author(s):  
Adam Przeworski
Keyword(s):  
Latin America ◽  
Capita Income ◽  
Lower Income ◽  
Per Capita Income ◽  
Income Levels ◽  
Per Capita ◽  
Past Experiences

The paper is narrowly addressed to a single puzzle: How did it happen that countries that attempted to install democracy earlier enjoyed it less frequently? Regime dynamics are driven by two mechanisms: (1) Democracies become more durable as per capita income increases, and (2) Past experiences with democracy destabilize both democracies and autocracies. As a result, countries that experiment with democracy at lower income levels experience more regime instability. Moreover, until they reach some income threshold, at any time such countries are less likely to be democratic than countries that first enter democracy when they have higher incomes. Hence, paradoxically, the resistance of European monarchies against democracy resulted in democracies that were more stable than those following post-independence attempts in Latin America.

State Intervention and Agricultural Development in Africa: a Cross-National Study

1985 ◽  
Vol 23 (1) ◽  
pp. 75-85 ◽  
Author(s):  
Richard Vengroff ◽  
Ali Farah
Keyword(s):  
Agricultural Development ◽  
Agricultural Productivity ◽  
State Intervention ◽  
National Study ◽  
Central Concern ◽  
Per Capita ◽  
Cross National Study ◽  
Cross National

Growing food deficits and declining agricultural productivity per capita in Africa have become the central concern of an increasing number of studies.

scholarly journals China, Global Governance and the Future of Cuba

2012 ◽  
Vol 41 (1) ◽  
pp. 155-179 ◽  
Author(s):  
Adrian H. Hearn
Keyword(s):  
Latin America ◽  
Global Financial Crisis ◽  
State Intervention ◽  
Communist Country ◽  
Economic Governance ◽  
Multilateral Institutions ◽  
Recent Developments ◽  
The Caribbean ◽  
The Global Financial Crisis ◽  
International Conventions

China's deepening engagement with Latin America has been accompanied by concerns about the Chinese government's regard for international conventions of economic governance. Critics claim that across Latin America and the Caribbean, Chinese aid and trade are characterised by excessive state intervention. This article argues that, for two reasons, the rationale for these misgivings is dissipating. First, since the onset of the global financial crisis, China has gained influence in multilateral institutions, prompting them toward greater acceptance of public spending in developing countries. Second, recent developments in Cuba show that China is actively encouraging the Western hemisphere's only communist country to liberalise its economy. China sits at the crossroads of these local and global developments, prompting Cuba toward rapprochement with international norms even as it works to reform them.

Sign in / Sign up

Export Citation Format

Share Document